Date:12/09/2008 URL: http://www.thehindu.com/2008/09/12/stories/2008091256911800.htm

Business - Briefly

Newgen sells minority stake to SAP Ventures

NEW DELHI: Newgen Software Technologies, New Delhi, on Thursday announced the sale of its minority stake to SAP Ventures, the venture capital arm of SAP. SAP Ventures will take advisory position without board-level representation in it. Newgen will use the proceeds to fund growth plans. — Special Correspondent